Chipotle Mexican Grill, Inc.
CMGNYSE
$27.69
Last price · USD
- Market cap
- $37.18B
- P/E
- 24.3x
- EV / EBITDA
- 17.6x
- P/S
- 3.1x
- FCF yield
- 3.9%
- Div. yield
- 0.00%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Chipotle Mexican Grill, Inc. cash flow statement
Annual · USD millions except per-share data · 30 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 1,536 | 1,534 | 1,229 | 899 | 653 | +23.8% | |
| Depreciation & amortization | 361 | 335 | 319 | 287 | 255 | +9.1% | |
| Deferred income tax | 79 | (43) | (10) | (43) | (12) | — | |
| Stock-based compensation | 120 | 132 | 124 | 98 | 176 | -9.3% | |
| Change in working capital | 6 | 126 | 95 | 79 | 197 | -57.4% | |
| Accounts receivables | (11) | (29) | (11) | (14) | (2) | — | |
| Inventory | (1) | (10) | (4) | (3) | (6) | — | |
| Accounts payables | (7) | 8 | 5 | 18 | 21 | — | |
| Other working capital | 26 | 156 | 105 | 77 | 184 | -38.7% | |
| Other non-cash items | 11 | 21 | 26 | 4 | 13 | -3.5% | |
| Net cash from operating activities | 2,114 | 2,105 | 1,783 | 1,323 | 1,282 | +13.3% | |
| Operating cash flow | 2,114 | 2,105 | 1,783 | 1,323 | 1,282 | +13.3% | |
| Investing activities | |||||||
| Investments in PP&E | (666) | (594) | (561) | (479) | (442) | — | |
| Capital expenditure | (666) | (594) | (561) | (479) | (442) | — | |
| Acquisitions, net | 0 | 20 | 0 | 351 | 4 | — | |
| Purchases of investments | (28) | (987) | (1,115) | (614) | (429) | — | |
| Sales / maturities of investments | 659 | 723 | 730 | 264 | 346 | +17.5% | |
| Other investing activities | 0 | 0 | 0 | (351) | 0 | — | |
| Net cash from investing activities | (35) | (838) | (946) | (830) | (522) | — | |
| Financing activities | |||||||
| Net stock issuance | (2,426) | (1,002) | (592) | (830) | (466) | — | |
| Common stock repurchased | (2,426) | (1,002) | (592) | (830) | (466) | — | |
| Net common stock issuance | (2,426) | (1,002) | (592) | (830) | (466) | — | |
| Other financing activities | (45) | (72) | (68) | (99) | (82) | — | |
| Net cash from financing activities | (2,471) | (1,074) | (661) | (929) | (549) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | -0 | (2) | 0 | (1) | (1) | — | |
| Net change in cash | (392) | 192 | 177 | (437) | 210 | — | |
| Cash at beginning of period | 778 | 586 | 409 | 846 | 636 | +5.2% | |
| Cash at end of period | 386 | 778 | 586 | 409 | 846 | -17.8% | |
| Free cash flow | 1,448 | 1,511 | 1,223 | 844 | 840 | +14.6% | |
| Income taxes paid | 423 | 533 | 400 | 276 | 0 | — | |